Managing Debt: DOs and DON'Ts

Here are some tips to help you focus and reach your financial goals.

The first thing to do when in financial distress is to take a deep breath and tell yourself there are options. Let’s take a look at what can be done.

You overspent on the holidays...now what? Here's how to get back on track.

Tips to help manage your installment loan well so that you can protect or rebuild your credit score and get better rates in the future.

Here are some ways to navigate financial stress if you’re single, separated or divorced.

Start a daily money mindfulness routine to help change the way you think and feel about money.

Understand your motivations and relationship with money and use that knowledge to find a debt management style and debt solutions that work for you.

A declaration of bankruptcy remains on your credit Bureau for 7 years after discharge date.

Learn the top myths about consumer proposal and bankruptcy. Consumer proposal or bankruptcy should always be considered last resorts. Try consolidating your debts or talking to your lenders first.

Have you found yourself in a spot where it seems you have too many debts and too many payments to make every month, making it hard to achieve your financial goals?

An emergency fund can be a massive help in times of unexpected income loss or other hardship.

Bankruptcy affects your life in many ways - it costs money to file, it severely damages your credit score and can affect your ability to get credit in future or even an apartment or other job.

Understand how the various factors affect the cost of borrowing such as the type of loan, the interest rate, how much you borrow and how long your payment term is

Every year, about one-third of mortgage holders take steps to decrease the amount they have to pay overall on their home financing.